Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Broadcom shares jump after chipmaker predicts AI sales surge
The Straits Times
|December 14, 2024
SAN FRANCISCO - Broadcom, a chip supplier for Apple and other big tech companies, rallied in late trading after predicting a boom in demand for its artificial intelligence (AI) chips.
-
Sales of its AI products will gain 65 per cent in the fiscal first quarter, far faster than its overall semiconductor growth of about 10 per cent, the company said during a post-earnings conference call on Dec 12. The chipmaker also predicted that the total available market for AI components that it designs for data centre operators would reach as high as US$90 billion (S$121 billion) by fiscal 2027.
Like Nvidia, Broadcom is positioning itself to be a major beneficiary of the AI spending frenzy. Broadcom chief executive Tan Hock Eng said his company had won two major new hyperscaler customers - the biggest operators of data centres.
The stock rose about 14 per cent in extended trading on Dec 12 following the announcement. It had been up 62 per cent in 2024 through the close.
Esta historia es de la edición December 14, 2024 de The Straits Times.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Straits Times
The Straits Times
Repetitive dullness snuffs out A House Of Dynamite
Despite a star-studded cast, including Rebecca Ferguson and Idris Elba, the political thriller flops as the suspense fizzles out
2 mins
October 30, 2025
The Straits Times
India in 'wait-and-watch' mode on US sanctions against Russian crude
India, one of Moscow’s largest oil purchasers, is starting to suspend some of its oil imports from Russia to mollify US President Donald Trump while it works on renegotiating a trade deal with the US.
4 mins
October 30, 2025
The Straits Times
More support for Al start-ups to scale faster under new partnership
It is part of plan to forge tie-ups that take ideas from S'pore to the world: DPM Gan
4 mins
October 30, 2025
The Straits Times
Cruise centre Higher capacity after facelift
Marina Bay Cruise Centre Singapore has just undergone a $40 million facelift, boosting the facility’s capacity from 6,800 to 11,700 passengers.
1 min
October 30, 2025
The Straits Times
A fading Europe struggles to be heard in new world order
On matters of economics as well as war and peace, the EU's attributes no longer serve it well in the hardball politics of today.
7 mins
October 30, 2025
The Straits Times
Vietnam steps up reclamation work on Da Nam reef in South China Sea
Beijing's measured response to Hanoi's efforts is strategic, says analyst
5 mins
October 30, 2025
The Straits Times
ALFAISALEYAH SHOULD BE PEAKING THIS TIME AROUND
Speedy five-time winner has twice won over this course and trip, fitter after three starts
3 mins
October 30, 2025
The Straits Times
What needs to be done before Singapore can make a decision on nuclear energy
Closely assessing nuclear technology, developing sound policies and raising the level of public understanding are key things that Singapore has to get right before it can make a decision on going nuclear, said the director of a new nuclear energy office in the Republic on Oct 29.
4 mins
October 30, 2025
The Straits Times
Last-start winner Max The Magician to double up
Oct 30 South Africa (Turffontein) preview
3 mins
October 30, 2025
The Straits Times
More food reaches Gaza, but many cannot afford it
Hundreds of trucks enter the Gaza Strip daily now. Some carry aid from international organisations. Others bring donations from foreign governments.
4 mins
October 30, 2025
Listen
Translate
Change font size